ETtech Deals Digest: Startups have raised $1.2 billion so far in February, a two-fold increase over the previous year
Indian startups raised around $1.2 billion in funding between February 1 and 27, reflecting a 2.2 times jump compared to February 2025, when startups had secured $574.8 million across 170 rounds. According to data from Tracxn, startups raised the capital through 128 rounds this month.
The February funding total was also 62.8% higher than January 2026, when startups had raised about $777.2 million across 112 rounds. In the last week alone, between February 21 and 27, companies raised nearly $152.2 million.
Among the biggest deals, cloud infrastructure startup Neysa announced a $1.2 billion investment led by US-based alternative asset manager Blackstone. The funding will be split equally between $600 million in primary equity and $600 million in debt, though only the equity portion has been included in the funding tally. The round also saw participation from TVS Capital, 360 One Asset Management and existing investor Nexus Venture Partners, among others.
Identity verification and fraud detection startup Idfy raised $52 million in a fresh round led by Neo Asset Management through its Secondaries Fund. Existing investors including Blume Ventures and Elev8 Venture Partners also participated.
Clean-label food brand The Whole Truth secured about $51 million in a funding round led by Sofina and Sauce.vc. The round included both primary and secondary capital and saw participation from existing backers Peak XV Partners, Rainmatter Health and Ayra Ventures. Early investor Z47 is also associated with the brand.
Climate tech startup Varaha raised $45 million in a round led by WestBridge Capital. The company will receive the funding in two tranches, beginning with an initial $20 million.
Petcare products and services platform Supertails raised $30 million in a funding round led by Venturi Partners. The round also saw participation from Nippon India Digital Innovation and Titan Capital, along with existing investors Fireside Ventures, RPSG Capital Ventures, Sauce VC and Saama Capital.
The sharp rise in funding in February signals renewed investor activity across sectors, with large-ticket deals driving overall growth in startup investments.
